The Latest in IT Security

With no bank in charge, Alibaba’s bankers learn to work together

10
Sep
2014

Alibaba Group Holding Ltds desire to keep tight control over its $21.1 billion share sale has left a vacuum at the helm of its banking syndicate, leading underwriters to take unusual steps to manage the offering, according to sources familiar with the situation. Facebook Inc, for example, had Morgan Stanley in that role, while Twitter Inc used Goldman Sachs Group Inc for the job. Alibaba, however, decided to do without one bank in charge of its IPO, and instead is seeking advice from all its major bookrunners. The move gives Alibaba control of the process as no one bank has a complete picture of what is going on.

Comments are closed.

Categories

TUESDAY, OCTOBER 15, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks